- Congress will push for war. Our war plutocrats and their cronies will attempt to sell the war as an economic necessity. WWII brought us out of the depression, but given our current high debt, this war would deepen the coming recession.
Full disclosure -- Given the extraordinary rise in home prices in the early 2000s, I predicted a negative wealth effect from a bursting bubble home market would result in a recession in the spring 2004 then the spring 2005. I was several years premature.
Additional miscellaneous recommendations
Refinance our short term ST nonfinancial federal debt into 20/30 year maturity bonds before LT rates skyrocket.
End our war economy by any just means necessary.
Stop aggressor Americans from unnecessarily killing tens of thousands of Iranians as they/we killed hundreds of thousands of Iraqis.
Support a military option against those who support an
Next war, civil war -- Prepare for a war to end all
Corruption - Reestablish honesty, integrity, and trust in American business and financial markets. As recently made evident, markets cannot function in their absence. I suspect during the Lehman Bros 2008 Panic, banks would not lend to each other for fear that other banks were as dishonest as they were. Don't bail "em, jail "em.
We must all stand up to the corruption in our individual lives and workplaces. Risk your job or risk your country.
Employment - If you are receiving transfer payments such as welfare, unemployment, or social security, and you are either able-bodied or able-minded, recognize an obligation to work part time as a volunteer. We all need to help reestablish a sustainable, stable economy.
If your job is not adding value, get a new job.
Do Good.
Raise the federal minimum wage to $10/hour, which is 50% of the average hourly wage of non-supervisory personnel at $20.31/ hour. This is also in a reasonable 40-45% of national average hourly wage at $24.15/ hour. Such a raise would reduce these workers need for aid, increase consumption spending given these workers high propensity to consume, and would moderately help fight deflation. Source: http://www.bls.gov/news.release/empsit.nr0.htm 12/06/2013 report
Keep a six months supply, no more no less, of gin and tonic for the coming hard times. If you keep less, you may be overcome by depression. If you keep more, you may think you have enough to drink yourself to death - and then attempt to do so.
Sources and Footnotes:
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